Rising Gold Prices Fuel Trading Pawnshops

Economic anxiety has motivated individual interest in precious metal as a safe place, and, in convert, sent the rising costs of gold and silver coins. In the last Calendar month the cost has increased by nearly $ 300 an ounces from $ 1,613.50 the other day of nearly $ 1,900 an ounces. The cost has you will find mostly above $ 1,800 an ounces, since then, getting to $ 1,824 in 18 time on Friday.

A Resale Shop Lynchburg, Management Vice Leader He Robust said he has seen a significant jump in purchases. Before the high of retail costs would take somewhere between 75 a couple of hundred bits of gold or precious metal every day. Now workers see between 400 and 1,200 bits of gold or precious metal times.

"We are seeing a surge in people actually sell their precious metal now," says Robust. It is different from a typical purchase, a customer can access and return the item to reverse when paying the loan.

The precious metal cost has increased continuously since 2006, when it increased to over $ 600 an ounces, after years in the $ 300 - $ 400 range. In 2009 it was over $ 950, and a season later, more than $ 1,200 per ounces.

The cost of gold increased healthier than precious metal during the past season. On October 1, 2010, the cost of an ounces of gold was about $ 19.50. Was above $ 43 an ounces the other day and $ 41.51 for 18 time